Megatel Homes

Flash in the pan Joined: 25 Jan 2009 Posts: 79

What's the story?

Dud? Joined: 14 Jun 2011 Posts: 5

I have thought about approaching them for work. Do they pay their bills on time?

Dud? Joined: 26 Nov 2011 Posts: 12 Location: DFW, Texas

Word on the street is that the owner moved to DFW from CA because he has a relationship with a local developer who is selling Megatel the majority of their home sites. A high feature level is included standard and the sales team escalates all negotiations to the Owner for a face to face meeting with interested prospects...

Dyn-o-mite! Joined: 05 Jan 2009 Posts: 404

I would think they have a tough road ahead. DFW is a difficult market and we are still down 70% from our peak.

I would would also think that the president isn't as good as his sales people in negotiating and should have better things to do. If he doesn't trust his sales people, a disease held by all too many home building managers and owners, he should be in another business. I find it is a result of an inferiority complex. And, as I count, they have 17 locations in the DFW area. What happens if every sales person has a hot lead? Do they have to wait for the president, or can they close the deal?

By the way; with the interesting name of Floorpop; does that mean that 75% of your deals bust out?

Dud? Joined: 26 Nov 2011 Posts: 12 Location: DFW, Texas

I couldn't have said it better myself.

In regards to the name, it was the first thing that came to mind. Call it cute or egotistical...but you can't deny that a floor pop can be a great thing! I've never had a cancellation rate anywhere close to that high and I'm hoping my sales presentation has something to do with that. Cheers!